AKIPRESS.COM - The body of a British man who went missing after a tourist speedboat crashed in southern Thailand was found on Sunday. The body was lying on the rocks near the place where the speedboat went down, reports International Business Times.

The speedboat was carrying 32 tourists along with four crew members. The accident happened on Thursday afternoon when a huge wave hit the boat near a rocky stretch of the coast on Koh Samui, a popular island in the Gulf of Thailand.

All the passengers fell out of the vessel and some were trapped under the ship's hull.

The authorities had been searching for Jason Parnell, 46, since the incident on Thursday, although the bodies of three women from the United Kingdom, Germany and Hong Kong were soon located.

The police said Parnell was traveling with his wife, who survived the accident.

Lieutenant General Ukhcarawath Sithanaubol said: "Rescue workers found his body at 9.25 am near the accident site. His body was trapped among the rock. Rescue workers are bringing his body ashore by rubber boat now and we have called off the search operation."

The boats which are used to ferry tourists around the popular beaches in Thailand often lack sufficient number of life vests. The speedboats are also overcrowded because the companies try and squeeze as much profit as possible from every trip.